Updated 4-Unit
For Sale
$1,250,000
582 E H St, Benicia, CA 94510
Updated income property with dedicated carports, storage, tandem parking, and shared laundry.
Property Size2,968 SF
Price / SF$421.16
Days on Market146
Property Features for 582 E H St
General Information
Standard status
Active
Size
2,968 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
common laundry room
Building Details
Year Built
1967
Listing Agency:
Synergi Properties
(925) 691-9166
Listed By:
Alan Chan · License #01857259
(925) 691-9166
Source:
Exitrealty
Added: Apr 7
Changed: Aug 29
Last Checked: Aug 30 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Synergi Properties
Investment Insights
Based on property information with market context.
Located at 582 E H St in Benicia, this updated quadplex contains four residential units, each arranged with two bedrooms and one bathroom. Every unit measures approximately 742 square feet and includes a dedicated carport, storage space, and tandem parking for additional vehicles. A shared laundry room is positioned beside the carport area.
Constructed in 1967, the property is situated in a tree-lined Benicia neighborhood near downtown. Benicia occupies a waterfront setting along the Carquinez Strait and offers access to local arts, recreation, schools, and businesses. The four-unit configuration provides a consistent two-bedroom layout across the property.
Constructed in 1967, the property is situated in a tree-lined Benicia neighborhood near downtown. Benicia occupies a waterfront setting along the Carquinez Strait and offers access to local arts, recreation, schools, and businesses. The four-unit configuration provides a consistent two-bedroom layout across the property.
Key Highlights
- Four‑unit quadplex with four two‑bedroom/one‑bath residences
- Each unit is approximately 742 square feet
- Dedicated carport for every unit, plus storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,000
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,000,000
$1.0M
Cap Rate 7%
$714,286
$714.3K
Cap Rate 9%
$555,556
$555.6K
Market Conditions
NOI Build-Up for 2,968 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$74.8K $25.20/SF
− Vacancy
−$3.4K −$1.13/SF
EGI
$71.4K $24.07/SF
− OpEx
−$21.4K −$7.22/SF
NOI
$50.0K $16.85/SF
Area
Solano County, CA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,000,000
Cap Rate 7%
$714,286
Cap Rate 9%
$555,556
Alternative Uses
Best Use
Multifamily LT 5
$714.3K
$625.0K – $833.3K
NOI $50,000 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$643.4K
$563.0K – $750.7K
NOI $45,039 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$990.4K
$866.6K – $1.16M
NOI $69,329 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
Explore this area
Business Placement
Demographics for 94510, CA
27,174
Population
11,463
Households
2.4
Avg Household Size
46
Median Age
46%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
931
Density / Sq Mi
$125,222
Median Household Income
$70,569
Median Earnings
$2,234
Median Rent
$778,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated income property with dedicated carports, storage, tandem parking, and shared laundry.
Where is this quadplex located?
The property is located at 582 E H St Benicia, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four‑unit quadplex with four two‑bedroom/one‑bath residences; Each unit is approximately 742 square feet; Dedicated carport for every unit, plus storage
